Find my iphone gave me an address?

Yesterday i lost my phone. It was dead and off. I turned on Lost Iphone immediately, then i go on icloud today and its fully charged and i have an address, but these people are an hour away! Would this be a somewhat accurate estimate of where my iphone is?

Doesn't hurt to go check, just be careful

It means someone found your phone and is now using it. You should notify your carrier at the very least. I would call the number and tell them you are the owner of the phone and you would like it back. Do not go alone to get your phone. Meet somewhere public. If they won't give it back, call the cops and let them deal with it. They are more prepared.

Yes. It would show the range of the accuracy.